Here Are The Leading Car Manufacturing Countries In Sub-Saharan Africa
Sub-Saharan Africa may be the least performing region in the world with regards to car manufacturing, but it still has some good fundamentals or potentials. The report also identified two favourable...
Sub-Saharan Africa may be the least performing region in the world with regards to car manufacturing, but it still has some good fundamentals or potentials.
The report also identified two favourable fundamentals that present an opportunity for Sub-Saharan Africa to grow its autos industry and become a strong manufacturer in the long run. The fundamentals are: low labour cost and supportive automotive policies by governments in the region.
Here are the leading Sub-Saharan Africa vehicles production growth. These countries are:
- South Africa: This country currently has the most developed autos industry in Sub-Saharan Africa and remains the most attractive market. The country has a more diversified set of vehicle manufacturers, as well as a larger number of automotive component makers. Other factors such as the country’s positive autos policies and a favourable competitive landscape have contributed to South Africa’s growing autos industry.
- Nigeria: Coming in second place is Nigeria, Africa’s largest economy by GDP. According to Fitch Solutions, “Nigeria’s large driving-age population remains a key appeal for further investment into the country”.
- Kenya: Growth in Kenya’s autos industry is being driven by the country’s conducive autos industry policy and a combination of low-cost and abundant labour.
- Ethiopia: The Horn of Africa country made it to the last position on this list. Unfortunately, the ongoing war in the country is hampering the potentials of Ethiopia’s autos industry, Fitch Solutions said.
source: Business Insider
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